# Federal Housing Accelerator Fund launches with cities

Date: 2023

In Canada, affordable housing refers to living spaces that are financially accessible to people with a median household income. Canada ranks among the lowest of the most developed countries for housing affordability. Housing affordability is generally measured based on a shelter-cost-to-income ratio (STIR) of 30% by the Canada Mortgage and Housing Corporation (CMHC), the national housing agency of Canada.

## Sources

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## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/canada-housing-accelerator-fund-launched-2023-03